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  4. XAU/USD Signal- August 16, 2012
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XAU/USD Signal- August 16, 2012

By Alp Kocak
Alp Kocak
By Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

Currency: XAU/USD
Trend Expected Direction: Up
Method: Ichimoku, Technical Analysis
Description: 1600 level is attracting buyers and pushing XAU/USD higher. 30M chart turned bullish while the daily chart is pointing higher prices to come. Yesterday’s hammer is supporting the price movement as well.
Recommendation: Long
Target Area: 1612
Stop-Loss: 1600

XAUUSD SIGNAL 81612

Alp Kocak
By Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

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